The world’s largest industrial developer is bringing a California-sized warehouse to a city roughly 50 miles south of Downtown Atlanta.
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Prologis broke ground on a 1.29M SF speculative distribution facility at its Prologis 75 Commerce Center in Jackson, Georgia, the company announced this week.
“With its scale and market-leading specs, this project will help meet demand from businesses for modern, well-located facilities while also providing the flexibility, capacity and access needed to grow their operations,” Prologis Vice President Grant Benson said in a press release.
Prologis operates more than 20M SF of distribution space in Georgia. Its latest project comes amid a surge in leasing activity in the Metro Atlanta industrial market. Net absorption reached 6.7M SF in the third quarter — more than double the second quarter — with leasing activity reaching an all-time high of 22.2M SF, according to a CBRE report. CBRE said leasing activity is being driven by big-box tenants in third-party logistics, automotive supply chain and infrastructure spaces.
Developers have responded to the activity by kicking off 17 new projects totaling 4.2M SF in the third quarter, according to CBRE. Prologis’ newest facility will be among the few warehouses in Georgia with roofs that span up to 42 feet high, about 10 feet taller than the typical ceiling height.
“Clear height is becoming an issue, not really for manufacturers, but for some users in California. The new norm for buildings in California is 42, 46 clear,” McDonald Development President Austin McDonald said during Bisnow’s Southeast Industrial Summit earlier this month. “As those things tend to happen, I think that’ll come across the country over the next 12, 24 months.”
DEVELOPMENT
Downtown Atlanta hospital system Grady Health is developing a nearly 6K SF urgent care clinic in the city’s Cabbage Town neighborhood.
Grady submitted an application earlier this month with the city of Atlanta to break ground on the facility at the corner of Memorial Drive and Estoria Street. The single-story project will include 44 parking spaces, two intake rooms, six exam rooms, a treatment room, three offices and an X-ray room, according to the application. The cost is $6M.
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Beverly Hills-based Kennedy Wilson broke ground on Caldwell, a 382-unit apartment complex in Sandy Springs on the site of a former UPS office at 35 Glenlake Parkway. Kennedy Wilson bought the 7-acre site and its 133K SF office building from UPS in December for $16.5M, Bisnow previously reported.
The project is part of Kennedy Wilson’s first joint venture with Shimizu Corp., a development financed with a $90M construction loan from Santander Bank, according to a press release. Amenities will include a 2K SF fitness center, a wellness suite with infrared sauna and cold plunge, a resort-style pool, an outdoor beer and wine garden and grilling stations.
SALES
Ares Management sold 570 Horizon Drive Building 200, a 264,500 SF distribution center in Suwanee, for $41M to a New York-based LLC called KBH 85HarborRoad, according to sales tax documents filed with the Georgia Superior Court Clerks' Cooperative Authority database. The address of the LLC is tied to the nonprofit James and Bokhwa Kim Foundation Inc., according to the online foundation directory Instrumentl.
According to Gwinnett County property records, it last sold in 2018 to “multiple owners” for $86M and was valued by the county at $15.4M this year.
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An LLC tied to Malibu-based American Commercial Equities purchased the Everhill Kennesaw apartments at 3238 Hidden Forest Court for $60.1M from an LLC tied to Atlanta-based Terwilliger Pappas, according to sales tax documents filed with the Georgia Superior Court Clerks' Cooperative Authority database.
PERSONNEL
Perkins&Will promoted Katy Daugharty to regional K-12 education practice leader for the Southeast, succeeding Barbara Crum, who is set to retire this year after three decades in the business, the company announced in a press release.
Daugharty will lead the K-12 division of the architectural firm for its territories in Georgia, Alabama, the Carolinas and Florida. She joined the firm in 2024 and has more than 20 years of industry experience.
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Lisel Morris, co-founder of hotel development and advisory firm Meter Haus, has joined Partners Finance as managing director for the Southeast. She will be tasked with raising capital and nurturing investor relationships with private clients and family offices. Partners Finance is the financing division of Partners Real Estate.
Morris has 15 years of experience and previously served as director of investor relations for The Allen Morris Co. in Miami, where she helped originate $50M in equity from family offices and high net worth investors and secure $160M in institutional debt.
Partners Real Estate also hired Alex Battle as vice president on the office leasing team. Battle was previously director of development for the True North 400 Community Improvement District. Battle will focus on office leasing in the North Fulton County submarket starting Jan. 4.
LEASES
Posh modern furniture retailer Article is opening a new store in Atlanta. The firm is leasing 12K SF at Westside Provisions District, with the store slated to open in the third quarter of 2027.
Article opened its first store in 2024 and plans to roll out five other stores in the coming year, including a location in Austin, according to a press release.
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